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Tarang Amin

👤 Speaker
669 total appearances

Appearances Over Time

Podcast Appearances

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

Not just everyone.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

Every single person.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

But I got to tell you, it means something.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

I've been in environments in the past where it's like, we want you to...

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

I want you to be an owner.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

But I'm like, but we're not owners.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

And they're like, oh, we want you to act like an owner.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

What am I, play and pretend?

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

This is a lot more effective of give them a piece of it.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

And they're passionate owners in a high-performance team culture.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

And I would say, by far, that's our biggest advantage.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

And the way it works is our comp model is different.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

We call it one team, one dream.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

And so the way it works is every single person in the company is bonus eligible.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

You have a target percent of bonus, but we all get the same payout.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

It's zero to 200%, and it's based on the adjusted EBITDA, the board sets.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

We had some compensation consultants that came in and said, wait, wait, wait.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

Don't you want to compensate your product supply or ops people differently than your sales people differently?

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

I'm like, no.

The Best One Yet
💄 “Makeup King” — Elf Beauty CEO Tarang Amin’s Interview with TBOY

I want our operations people to know if we have one quality issue, it could piss away more EBITDA than if they saved half an RMB on something.